Economy adds jobs, but unemployment edges up

05/10/2010 | CNNMoney

Employers added 290,000 jobs in April, up from 230,000 in March and well above analysts' consensus estimate of 187,000. "It clearly shows that this economic recovery can no longer be seen as a jobless one," said Bart van Ark, chief economist of The Conference Board. "Companies apparently are finding they can't squeeze out any more output without adding workers." Although the economy has added jobs in five of the last six months, unemployment did rise to 9.9% from 9.7% last month.

View Full Article in:


Published in Brief: